Commentary and analysis on markets, personal finance, and wealth building from a contrarian perspective. "I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting there and trying to dream it up all yourself. Nobody’s that smart."
— Charlie Munger

Pages

Friday, May 19, 2017

Japan restarts another reactor

A Japanese utility on Wednesday switched on a nuclear reactor, the latest to come back in service despite deep public opposition in the aftermath of the Fukushima crisis.Japan shut down all of its dozens of reactors after a powerful earthquake in March 2011 spawned a huge tsunami that led to meltdowns at the Fukushima nuclear plant, causing the world's worst such accident since Chernobyl in 1986.But only a handful of reactors have come back online due to public opposition and as legal cases work their way through the courts.On Wednesday, Kansai Electric Power (KEPCO) restarted the No 4 reactor at the Takahama nuclear plant after a court in March cleared the move.
It is taking a long time but reactors are coming online. Eventually this will help clear the uranium supply overhang.